For the less educated who don't speak Greek here, could you please elaborate? An example would be great. Thanks!
Lol exactly. Why is it no one thinks about this ahead of time, puts were cheap relative to whats going on. Now fuggetaboutit
I never understood the loss aversion, shit its a tax writeoff anyhow. This is why so many traders fail. They refuse to throw in the towel and regroup. Instead its like deer caught in headlights.
If you bought put options on X, you would have made a huge killing and lots of monies in your pocket. Trend is obviously, down. That is a no brainer. Just my 2 cents.